Discussion Post: Las Vegas Raiders Purchase
Hello Everyone, I recently came across the news of Tom Brady acquiring a minority stake in the Las Vegas Raiders as a limited partner in the franchise along with his business partner Tom Wagner for $220 million. 1 Under the limited partnership scheme, Brady is likely to have limited control over day-to-day operations but is […]
Class 5 Slides & Video
Class 4 Slides & Video
Class 3 Slides & Video
Class 2 Slides & Video
Class 1 Slides & Video
Welcome (Back)
Am excited to be teaching this course again. BizOrgs is a subject with multiple personalities. On one hand it merely deals with a set of tools – a fairly musty set of open-ended lego-like pieces that corporate frameworks are built from. On the other hand, the frameworks built from those pieces are often massive flashpoints […]
Unbearable weirdness: The portrayal of In-House Counsel in “Pretty Woman”
One thing I mentioned towards the end of the course was that someday I wanted to do a post reviewing the corporate law aspects of the 1990 Julia Roberts/Richard Gere film movie “Pretty Woman”. “Pretty Woman” is mostly awful, especially when watched from the vantage point of 2019. Leaving aside the myriad blatant instances of […]
Memes & Memories
When I saw the article you can link to above, memories certainly came flooding back. I had no idea what to expect when trying to give a corporate law lecture by inventing/using memes tailored to the purpose. After the fact it certainly felt like a “love it or hate it” event (possibly more the latter). […]
Last Thoughts on Corporate Personhood
I am glad to be able to say that my perception of corporate personhood that I had coming into this course has been reshaped radically through learning about the complexities inherent in corporate governance. Better understanding the tensions between different key actors such as directors, shareholders, and management, has helped me surpass my formerly simplistic notion […]
Discussion Activity 8.1
I believe the test that is emerging is: Whether or not the shareholders bona fide or genuinely believed that the alteration was for the benefit of the company as a whole. As stated in the test, shareholders need to act bona fide or honestly when voting on a special resolution. They have to vote believing […]
Conflict of Interest and Duty
I believe as a director, James H. Beatty owed a duty to the company to act in its best interest and avoid conflicts of interest. However, as a shareholder, he did not have that duty. I don’t think that the shareholder vote necessarily relived him of that duty. Instead, it was his absence at the […]
Discussion Activity 7.1
Peoples stated that the fiduciary duty should be judged from an objective standard which takes in to account the elements that the decision was made in, but not the director’s subjective motivations. They said the comparable circumstances require the context in which a given decision was made to be taken in to account, but that […]
Thinking Back to Partnerships…
Thinking way back to partnerships for my final post—Discussion Activity 3.2: The provisions of the Ontario Partnership Act relevant to determining the existence of a partnership between X and Y are sections 2 and 3. Section 2 of the Act defines partnership as the relationship between “persons carrying on a business in common with a […]
Democracy, The Tyranny of the Majority and Corporate Shareholders
I remember from 7 years ago when I first took an undergrad introduction to political science course and first learned about Jeremy Behtan’s utilitarianism theory and John Stewart Mill’s theories on democracy. Betham was a liberal and an utilitarian who argued that if people were free to do what was in their best interest and […]